Question: Topic 1: 1. How easy/difficult is it to form a partnership? 2. What are the two kinds of partnerships and which is most common? 3.

Topic 1:

1. How easy/difficult is it to form a partnership?

2. What are the two kinds of partnerships and which is most common?

3. Who is liable for the obligations of a general partnership?

4. How does a limited partnership work and what is the impact on general and limited partners?

5. What is the benefit of a partnership?

6. What is a detriment for partnerships regarding tax returns?

7. How many general partners are required? Explain the options.

Topic 2:

  1. What is a contract?
  2. What elements MUST be in a contract to make it an enforceable contract?
  3. Define those elements listed in Question 2.
  4. Why is a Written Contract a good idea? - opinion-

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